INTRODUCTION TO ENTREPRENEURSHIP
ENTREPRENEURIAL PROCESS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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From the Business Plan video, what does the Financial Plan and Projections section of an entrepreneur’s business plan contain?
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It describes the facilities the business will have, the management information systems, all information technology, and how you will deliver the goods and services to the customer
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Describes who you are, what you plan to sell, why, and to whom.
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This section translates the previous parts of the business plan into numbers and lets you know if your business will be worthwhile or a waste of time and money.
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Discusses your management team and personnel, your credentials, and who you plan to recruit.
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Explanation:
Detailed explanation-1: -A financial plan is the part of your business plan that details how your business will achieve its financial goals. It includes information on the company’s income, expenses, and cash flow. The plan should also include a description of the business’s current financial situation, as well as its long-term goals.
Detailed explanation-2: -You should include cash flow projections for each month over one year in the financial section of your business plan.
There is 1 question to complete.